National Australia Bank Limited
People walk past National Australia Bank automated teller machines in the central business district of Sydney on May 9, 2013. NAB posted a 22.8 percent jump in first-half net profit on the back of higher revenue from personal and wholesale banking. Australia's fourth biggest lender said it booked a profit of USD 2.56 billion (AUD 2.52 billion) in the six months to March 31.
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Quotes
National Australia Bank's got the U.K round its neck and that's still not performing well at all ... The market was hoping for more of an improvement than that.
The UK banking business is managing a smaller and stronger balance sheet following the transfer of the vast majority of its commercial real estate portfolio to National Australia Bank Limited in October 2012
Whatever happens with the NAB Cup, we will be doing in concert with (National Australia Bank), but it is never going to be one or two weeksMore quotes »
Around the web
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Australian Dollar at Fresh 11-Month Low
Economists fear this trend will see investment shut off too fast for other parts of the economy to fill the gap. National Australia Bank chief economist Alan Oster said this week he sees some risk economic growth in Australia might slow toward an annual pace from Wall Street Journal Read more »
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We cannot pay for today’s handouts with tomorrow’s money
deal with a heavy debt load. In a closed-door speech in Melbourne yesterday, ... the former BHP Billiton chairman and National Australia Bank chief executive said there was uncertainty surrounding the budget and that the forecasts in it were subject to political from Herald Sun Read more »
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Downturn hurts TAL profit
a poorer claims experience since 2011, resulted in an 11.6 per cent fall in profit in its wealth protection business. National Australia Bank, which owns MLC, said this month insurance cash earnings fell $45m in the first-half compared to the prior corresponding from The Australian Read more »
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In Euro they trust. But at what cost?
They’ve got little or no influence over economic policy,” Nick Parsons, head of research for UK and Europe at National Australia Bank (NAB), said in an interview with Business RT. The comment comes after a survey by the Pew Research Centre of 8 nations in from Russia Today Read more »
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Markets Live: Miners lead stocks down
than now, there was still a danger of larger budget deficits in the next few years, the economists added. National Australia Bank economists Alan Oster and Rob Brooker said while the budget is helping to repair some structural problems in the economy by scrapping from The Age Read more »
